Technical analysis NAS100 for 06.05.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 12600. The closest resistance is the level 12900
Key levels
- 13975, 13725, 13425, 13175, 12900, 12600, 12300
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 12900, with Take Profit of 12600 and Stop Loss of 13175
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 13175, with Take Profit of 13425 and Stop Loss of 12950
Scenario
Recommendation
SELL LIMIT
Entry Point
12900
Take Profit
12600
Stop Loss
13175
Key Levels
13975, 13725, 13425, 13175, 12900, 12600, 12300
Alternative scenario
Recommendation
BUY STOP
Entry Point
13175
Take Profit
13425
Stop Loss
12950
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.